Stretching out over twelve kilometres of one of the Red Sea’s most beautiful bays is the stunning new resort at the Sahl Hasheesh. With it’s world class hotels, superb architecture and welcoming sandy beaches, the Sahl Hasheesh typifies the very essence of a luxury lifestyle in Egypt. All of this, coupled with the warm, year round climate which ensures that Egypt was one of the world’s leading tourist destinations last year. 

What is different about the Sahl Hasheesh however, is that this resort is newly created, and considerable time and effort has gone in to making sure that the resort will become one of the Red Sea’s most popular and exclusive tourist destinations. Just a short stroll through the centre of the Sahl Hasheesh opens a world luxury hotels and developments, interspersed by boutique shops, restaurants and bars. Indeed the infrastructure of the Sahl Hasheesh is now entirely completed, and new developments are opening up all the time.

The resort itself is located just north of the already popular resort of Hurghada, and indeed the international airport is just twenty kilometres away from the Sahl Hasheesh, ensuring the resort is merely a few hours travel time from the majority of major European travel hubs.

Today, people looking to buy property in the Sahl Hasheesh have a wide variety of developments to choose from, and already resorts such as the Azzurra Red Sea Resort, The Veranda and The Ocean Breeze have proven popular with investors and holiday home owners alike.

As the resort becomes increasingly popular, it is highly likely that more new property developments will be announced. We will of course keep you updated with news of any new property for sale in the Sahl Hasheesh. For anyone who would like to find out more information on our range of real estate in Egypt, you can of course visit our main site at Offplanworld.tv.

The Monna Sharm Resort is the latest development to be launched in the increasingly popular Nabq Bay region of Sharm El Sheikh in Egypt. Offering a wide selection of accomodation units, ranging from luxurious studios through to spacious two bedroom apartments, the Monna Resort offers some of the best value property in Sharm El Sheikh available.

The resort offers residents a wide range of amenities including communal swimming pools, a health club, a four star hotel, 24 hour security, a supermarket, clinics and shops. With prices starting from as little as £18,837 for a studio, it is easy to see why the Monna Sharm Resort has created considerable interest since it’s recent launch.

• Studios (38 sqm) – £18,837.00
• One bedroom (56 sqm) – £27,337.00
• Two bedroom (78 sqm) – £43,516.00

If you would like to find out more about our range of off-plan property, or the Monna Sharm Resort in Sharm El Sheikh, why not visit our main site at Offplanworld.tv.

For more information on Sharm El Sheikh.

Egypt real estate, particularly on the Red Sea Riviera, is famed for being among the least expensive in the world. Note the use of least expensive; in marketing circles it is frowned upon to use the word cheap, but that is not why I have avoided it here. I have avoided it here because Red Sea property is not cheap; it is a bargain because of what you get for your money.

Egypt is one of the fastest growing tourism hot-spots in the world. In an interview with Write About Property earlier this year, the Association for British Travel Agents said that tourism to Egypt from Britain had been growing at around 20% per year for the last few years, and forecast that this would accelerate to 25% this year, as the strong Euro forces people to look outside the Eurozone for cheap holidays.

The Red Sea Riviera encapsulates some of Egypt’s fastest growing tourism hot-spots, most notably Sharm el-Sheikh and Hurghada. In both of those locations you can find the best investments and holiday homes that Red Sea property, and arguably Egypt real estate as a whole has to offer.

The average price for a 2 bedroom luxury apartment on the Red Sea Riviera is under £40,000. The average rent on one of those properties would be about £300 per week. Owners of Red Sea property are currently achieving 15-20 weeks occupancy per year. Doing the calculations from those figures the average rental yield on property on the Red Sea Riviera is 12.5% gross.

It is little wonder then that most Red Sea properties for sale right now are offering very impressive guaranteed rental yields of 8% and upwards.

But Red Sea property comes with another massive benefit.

“Most of the Red Sea Riviera is a National Park, or belongs to some protectorate, both under water and on land. Desert and marine life are protected by a number of laws, and visitors not abiding to the regulations may be subjected to heavy fines.” Source Wikipedia.

Therefore, anyone buying Red Sea property can do so safe in the knowledge that the area will never be over-developed. This also means that demand will continually outstrip supply, which will put massive upward pressure on Red Sea property prices long into the future.

Most people buying Egypt real estate — like most places — at the moment, are doing so on a fly-to-let basis, because the crunch showed everyone that capital values can go down as easily as they can go up. None the less, the potential for capital growth will always be a factor in the decision making process. So adding the protected area reinforcement of the potential for capital growth, to the impressive rental yields mentioned above, Red Sea property offers a pretty powerful investment package.

That is before we even mention the things that the tourists come for: the fantastic climate, great beaches and world renowned marine life that attracts scuba divers from all around the world, which make Red Sea property perfect for lifestyle buyers also. All in all you could say property on the Red Sea Riviera has something for everyone.

The new development at Paradise Gardens, situated in the heart of Sahl Hasheesh, looks set to become one of the resorts most desirable residential addresses. Offering a range of properties including studios, apartments and luxury villas, Paradise Gardens has something to offer every budget and taste.

Designed to cater for even the most discerning resident, the apartments in Sahl Hasheesh are designed with a high quality lifestyle in mind. All apartments and villas come fully equipped with fitted kitchens and bathrooms, and include air conditioning as standard.

The Paradise Gardens occupy one of the most sought after locations in the resort of Sahl Hasheesh, offering residents easy access to the public beach and championship golf course. For those residents seeking a more relaxing time, the development at Paradise Gardens is only a short walk from the main bars, restaurants and shops of Sahl Hasheesh.

The development is located in the popular resort of Sahl Hasheesh, one of the Red Seas most popular destinations for investors looking to capitalise on the regions rapidly expanding tourist markets. Situated just 18kms from the international airport in Hurghada, Sahl Hasheesh offers residents easy access to all the major European airports.

For investors, Paradise Gardens offers a good opportunity for long term return. With the units at Paradise Gardens on sale at approximately 25% under current market value, and the market for tourism in Egypt currently seeing rapid growth, property in Sahl Hasheesh is set to become increasingly desirable in the coming years.

>> More information on Paradise Gardens

When one considers the potential factors affecting the levels of property investment in a specific market, it is easy to see why many property investors are looking to Egypt for the high returns that they have become used to in recent times.

Pro-investment legislation, strong and consistent economic growth and an almost unparalleled market for tourism have meant that the level of demand for property in Egypt has increased steadily in recent times, and is only showing signs of increasing in the near future.

These sentiments are easily verified by a brief analysis of the Egyptian property market. Over the course of the past two years, a considerable number of major property developments have been announced by some of the worlds largest property developers. Developments such as Cairo Heights, New Cairo and Gamsha Bay represent significant investment in Egypt by developers such as Emaar and Damac as they look to capitalise on a market many see as offering strong potential returns in the coming years.

So why do people see the market for property in Egypt as such an opportunity? We decided to take a look at the major factors affecting the investment levels in Egypt today.

Strong Tourism Demand
With a rich heritage and culture which goes back thousands of years, Eygpt offers a wide variety of tourist attractions including the sights and smells of ancient Cairo, the pyramids in Luxur and the rich marine and coral life which can be found throughout the warm waters of the Red Sea. These attractions, coupled with the superb climate and close proximity to mainland Europe (which its increasing availability of low cost airlines) have resulted in increasing numbers of visitors to Egypt in recent years.

Property investors have looked to capitalise on these strong levels of tourism demand, with the property in Hurghada, Sharm El Sheikh and throughout the Red Sea resorts offering good opportunities for short term rental and second home markets.

Sustained Growth In The Egyptian Economy
Since Prime Minister Ahmed Nasir took office in 2004, Egypt has undertaken a series of pro-investment economic reforms, which have led to a period of sustained economic growth in the country. GDP in Egypt now stands at over 7%, and is expected to increase to nearly 7.5% during the course of 2008. These figures represent an exceptional economic result for the Egyptian administration, especially given the uncertain economic climate throughout the rest of the world.

With the current government in Egypt continuing with its progressive, pro-investment strategies, the levels of growth in the Egyptian economy seem only set to continue. Given the above factors, it is easy to see why so many investors are looking to Egypt to acheive the growth levels they have previously experienced in other, more traditional markets. The market for property in Egypt is undoubtedly still in its early years, and issues such as difficulties with land registration do still exist. However, these issues can be addressed through appropriate due diligence beng carried out.